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Goram Homes to boost local economy by building 1700 new homes across Bristol

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On March 9th, 2021 Bristol City Council approved Goram Homes’ business plan and pipeline of sites across Bristol

Goram Homes now has the go-head to move forward plans to build more than 1,700 new homes – including over 600 affordable properties – on sites across the city.

The plan will provide a major boost for the local economy with £250 million set to be spent on construction of new projects – with a target of 75 per cent of that spend earmarked for local companies.

Bristol is also set to benefit from new public spaces and ecological features as part of their Business Plan which was also approved by Bristol City Council’s Cabinet members.

Stephen Baker, Managing Director, Goram Homes said:

“We have an amazing opportunity to build homes which create new communities in locations across Bristol. I’m particularly proud that our developments will include affordable homes in the numbers that our city really needs. 

“We know that local residents know best what will help their neighbourhood to thrive, so we will work closely with those communities to ensure our developments add genuine value to their area.” 

All of Goram Homes’ developments are a mix of market and affordable homes which will include social rent and shared ownership. They will deliver 40% affordable homes in North West, Inner West and Inner East Bristol areas of the city and 30 % throughout the rest of the city.

Where possible, numbers of affordable homes will exceed these targets, for example at Romney House which includes 55 per cent affordable homes. A share of any profit made will be reinvested back into the city via Bristol City Council.

Mayor of Bristol Marvin Rees said:

“It’s really exciting to see Goram Homes’ ambitious plans for the future. They will be an important part of the solution to the housing crisis and our recovery from the pandemic. The 600 affordable new homes in their pipeline will help to address one of Bristol’s biggest challenges.”

Goram Homes can now start to form partnerships to build developments on multiple sites across Bristol in addition to their developments at Romney House and Baltic Wharf. Romney House recently won two awards at the Bristol Property Awards for its innovative financing deal and its sustainability credentials.

You can find further details of each site here.

Published On: 10 March 2021

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© Copyright 2020 | Goram Homes Limited – A Bristol City Council owned company. | All Rights Reserved
Registered in England and Wales No.11597204

© Copyright 2020 | Goram Homes Limited – A Bristol City Council owned company.
All Rights Reserved | Registered in England and Wales No.11597204